Parcels. Each Mortgaged Property consists of either (i) a single parcel of real property, or (ii) two or more parcels of real property that are contiguous or are separated only by streets that are not major arteries, upon which is erected a multi-family dwelling or building(s) used for commercial purposes.
Appears in 2 contracts
Sources: Mortgage Loan Purchase Agreement (Bay View Capital Corp), Mortgage Loan Purchase Agreement (Bay View Capital Corp)